Amendment status not verified — confirm the current text below against the official source.
” 70-A(l). If any insta'ment of loan or interest payable by a member of a Co-operative Society or any part of such instalment has remained unpaid for more 1h;.n 30 days from the date on which it fell due, the Managing Committee of the society may, in addition to any other remedy available t» it, apply to the Registrar or any other offi er authorised by him lor the teeovery of such ins'alment or part thereof by distr -int a d sale of the produce of the charged land including the standing c op. (2) On receipt of such application the Registrar or the person aut orhel by hi n may, r.otvvi hstanding any hing cont inc J in the Transfer of Property Act, 1,82 take actioa in the m anrer as prescribed for the purpose of distraining and selling such produce : Provided that no distraint shall be ma^e af‘er the expiry of twelve months from the date on whieh the instalment fell due. (3) The value of the property dis'raired shall be, as nearly as possible equal »o the amount duv and the expenses of the distraint a d the costs of the sale.” THB ASSAM GAZETTE, EXTRAORDINARY, OCT. 22, 191i 935 Insertion of